DS Smith Profit Jumps 15% On E-Commerce Boost

UK-based packaging group DS Smith Plc reported a 15% jump in first-half operating profit on Thursday, bolstered by growing demand from online retailers and cost savings from its acquisition of Spanish rival Europac last year.

The company, whose packaging products are used by companies including online giant Amazon, said adjusted operating profit for the six months ended Oct. 31 was £351 million (€416.1 million), up 15% on a reported basis.

The business continues to capitalise on the “strong long-term growth drivers of fibre-based packaging, with our industry-leading innovation driving differentiation in the market.

ESM